RLI CORP — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-02-28

Reporting Person: STEPHENS GERALD D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Common Stock	J	4429.2781	$57.41	Disposed	0	Indirect
2011-02-28	Common Stock	J	4429.2781	$57.41	Acquired	756763.8702	Direct
2011-02-28	Common Stock	J	88504	$57.41	Disposed	173550.5026	Indirect
2011-02-28	Common Stock	J	88504	$57.41	Acquired	845267.8702	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	381.1323	Indirect
Common Stock	23084.4301	Indirect
Common Stock	79135	Indirect
Common Stock	340186	Indirect

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Shares distributed to Mr. Gerald D. Stephens pursuant to the RLI Corp. Executive Deferred Compensation Plan rules.

F3: Distribution from the Gerald D. Stephens G5 Trust to Gerald D. Stephens.